After $SUI transformed from a "small stream" into a mighty "big river", everyone hopes @movementlabsxyz can become the leading brother of the Move language.#movement
After all, $Move is one of the three main pillars of the language, which fully represents the community's optimism about the project; for example, I personally have been buying in.
However, the facts have proven: the greater the expectation, the greater the disappointment.
You think of others as the future of blockchain, while they see you as an exit liquidity.
Their outrageous operations are constant, simply textbook-level garbage; strongly recommend future projects to study Movement as a negative example frame by frame before issuing tokens, it's too typical.
I am willing to call this wave of Movement the "Dong Xiying of Web3":
1, "There exists a privileged channel": How did such a project pass the listing review of major exchanges and manage to be listed on all the top exchanges? (Binance, Coinbase, Upbit)
(As of the time of writing: Coinbase has already suspended trading)
2, "The project is seriously fraudulent": The project airdrop was closed just a few hours after opening; which project opens an airdrop and gives only a few hours for claims?
Moreover, the mainnet airdrop has been postponed four times and still hasn’t successfully launched. In January it was said to be February, in February it was said to be March, in March it was said to be April, and now it’s May; postponement is forever, launching is impossible. After all, the team is busy dividing the profits, how can they have time to give users airdrops?
3, "No professional ethics": An improper related party can casually control half of the circulating tokens, and the project actually explicitly raised the price to over 5 billion to sell to retail investors.
And on the second day of listing, they sold tens of millions of dollars, just like a greedy beast, it’s quite an eye-opener.
(The market maker issue was discovered by Binance)
4, "Loss of team ethics": Some employees say they need to listen to Sam? But the founder and CEO is Rushi, so is the project Rushi's or Sam's?
Does legal advisor TK know the details of this agreement? Has he expressed any opposition? Was this agreement ultimately drafted by YK? Are you colluding or was it forced?
By the way, Rushi has been suspended; currently, he hasn’t posted a response on Twitter. Let’s see what he will say.
5, "Academic fraud": The founder @rushimanche claims to be a graduate of Vanderbilt University, but this fool can’t even say a word during the Movedrop airdrop, just says Coming Soon * n.
Similar to when Dong Xiying was interviewed, I seriously doubt the authenticity of their graduation thesis; from Coming Soon, it seems to be at the level of my elementary school nephew.
The facts have proven this.
1, Never be deceived by the surface of a "scumbag"; whether it’s the financing background or team strength, or Trump’s endorsement, it cannot hide the team's stupidity, internal strife, and their intention to just make money and run.
2, For the project, we are just exit liquidity; the token economic model is just a paper talk. As long as the project wants to sell: withholding airdrops, dumping liquidity tokens, and using marketing expenses to cash out are all routine operations.
The lock-up restrictions are for the retail investors to see, while the circulating volume is for the exchanges.
3, The world is a massive shoddy stage, this is not the first project to do this, and it won’t be the last one either.
The so-called construction completely depends on how the team wants to play! Let’s see how they want to handle the retail investors.
4, One can’t help but ask: Is there still room for improvement in the current exchange listing mechanism?
Requesting future project parties to publicly disclose market-making agreement details to the community; top exchanges have a responsibility to pay attention to the market-making situation of their listed projects and introduce third-party audits.
5, I feel a bit ashamed for SUI to be compared with such garbage as Move.
Who can post a "FuckMove" on Move to disgust this project for me, it’s really disgusting to the core — disgust to the max.